iShares MSCI EAFE Growth ETF (BATS:EFG) Reaches New 12-Month High – Still a Buy?

Shares of iShares MSCI EAFE Growth ETF (BATS:EFG) reached a new 52-week high on Thursday . The stock traded as high as $127.38 and last traded at $126.84, with a volume of 453103 shares trading hands. The stock had previously closed at $126.20.

iShares MSCI EAFE Growth ETF Price Performance

The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 24.98 and a beta of 0.96. The business’s 50 day simple moving average is $122.70 and its 200 day simple moving average is $120.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of iShares MSCI EAFE Growth ETF by 2.4% in the 4th quarter. Brighton Jones LLC now owns 53,985 shares of the company’s stock worth $5,227,000 after acquiring an additional 1,266 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in iShares MSCI EAFE Growth ETF by 12.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 50,417 shares of the company’s stock worth $4,882,000 after buying an additional 5,478 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of iShares MSCI EAFE Growth ETF by 65.5% in the first quarter. AQR Capital Management LLC now owns 20,687 shares of the company’s stock worth $2,069,000 after buying an additional 8,188 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of iShares MSCI EAFE Growth ETF by 34.2% in the first quarter. Goldman Sachs Group Inc. now owns 455,259 shares of the company’s stock worth $45,526,000 after buying an additional 115,944 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of iShares MSCI EAFE Growth ETF during the second quarter valued at approximately $270,000.

About iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.